Indian Solar Co. Gets Funding For 5MW Energy Farm

Law360, New York (January 9, 2012, 12:54 PM EST) -- A solar power developer backed by Indian conglomerate Mahindra Group and a private equity-funded solar company has commissioned a 5-megawatt solar farm, the first project in a 50-megawatt pipeline to meet a 2013 government timetable for off-grid production, the company said Monday.

Mahindra Solar One Pvt. Ltd. — a joint venture between Mahindra and private equity-backed Kiran Energy Solar Power Pvt. Ltd. — said the solar farm in the northwestern state of Rajasthan will be the biggest project to date under the Jawaharlal Nehru National Solar...